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Burkett Company Uses a Standard Cost System

Question 3

Multiple Choice

Burkett Company uses a standard cost system. Indirect costs were budgeted at $200,000 plus $15 per direct labor hour. The overhead rate is based on 10,000 hours. Actual results were: Burkett Company uses a standard cost system. Indirect costs were budgeted at $200,000 plus $15 per direct labor hour. The overhead rate is based on 10,000 hours. Actual results were: The over- or underapplied overhead was A) $50,000 under B) $10,000 over C) $55,000 under D) $20,000 over The over- or underapplied overhead was


A) $50,000 under
B) $10,000 over
C) $55,000 under
D) $20,000 over

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